CalSavers Extends Registration Deadline for Large Employers

Introduction

The California Secure Choice Retirement Savings Investment Board extended the deadline for employers with 100 or more employees to register with CalSavers, the state-run retirement program for employees whose employers do not offer a retirement plan to September 30, 2020.

Extension for Employers with 100 or More Employees

The extension will give employers until Sept. 30, 2020 to register with CalSavers; the deadline had been June 30, 2020. The extension is effective May 4, 2020 and does not change existing deadlines for 2021 or 2022. Employers with more than 50 employees have until June 30, 2021 to register, and employers with at least five employees have until June 30, 2022 to do so.

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This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.